-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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How about giving fines to people that leave garbage behind after a function? also although I’m not for defunding the police,how about getting rid of the cook county forest preserve police dept.,its pretty much a cushy nepotism job.
It cost money to have nice things. Vote Yes.
No.
Live within your means……
Now there’s pension referendums, with some goodies tossed in because a pure pension referendum is a likely loser.
Yet another op-ed in favor of the forest preserve referendum that makes no mention of it being a 50% tax hike. If they truly believe in the cause, then why are they are so afraid to spell it out in basic terms?
21% goes to pay even more for work done years ago. On a percentage basis, this tax increase is huge